Angel Tax Abolition: Section 56(2)(viib) Repeal, Rule 11UA & Startup Funding Guide
Comprehensive statutory guide to the historic abolition of Angel Tax under Section 56(2)(viib) of the Income Tax Act, 1961 by Finance (No. 2) Act, 2024. Understand the elimination of Fair Market Value (FMV) scrutiny on share premium, the role of Rule 11UA, benefits for domestic and foreign venture capital investments, and pending assessment resolutions.












